According to Zacks, “Radware Ltd. develops, manufactures and markets products that manage and direct Internet traffic among network resources to enable continuous access to Web sites and other services, applications and content based on Internet protocol. Radware offers a broad range of Internet traffic management solutions to service providers, e-commerce businesses and corporate enterprises that require uninterrupted availability and optimal performance of IP-based applications that are critical to their business. (PRESS RELEASE) “
A number of other equities analysts have also recently issued reports on the stock. Needham & Company LLC restated a hold rating on shares of Radware in a research report on Wednesday, May 6th. Barclays cut their price objective on Radware from $27.00 to $26.00 and set an overweight rating for the company in a research report on Thursday, May 7th. BidaskClub cut Radware from a buy rating to a hold rating in a report on Wednesday, May 20th. ValuEngine downgraded Radware from a buy rating to a hold rating in a research report on Friday, May 1st. Finally, Berenberg Bank downgraded Radware from a buy rating to a hold rating in a research report on Wednesday, April 1st. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $26.33.
Shares of NASDAQ:RDWR opened at $23.26 on Tuesday. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of 54.09, a price-to-earnings-growth ratio of 3.55 and a beta of 0.83. The business’s 50 day simple moving average is $23.59 and its 200-day simple moving average is $23.47. Radware has a 12 month low of $16.02 and a 12 month high of $26.98.
Radware (NASDAQ:RDWR) last posted its earnings results on Wednesday, May 6th. The information technology services provider reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). The firm had revenue of $60.00 million for the quarter, compared to analysts’ expectations of $61.52 million. Radware had a return on equity of 6.60% and a net margin of 8.29%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.18 earnings per share. On average, sell-side analysts expect that Radware will post 0.41 EPS for the current year.
Several hedge funds have recently bought and sold shares of the company. Taylor Frigon Capital Management LLC increased its stake in Radware by 0.9% in the first quarter. Taylor Frigon Capital Management LLC now owns 82,301 shares of the information technology services provider’s stock valued at $1,734,000 after purchasing an additional 752 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Radware by 16.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,788 shares of the information technology services provider’s stock valued at $143,000 after buying an additional 934 shares during the period. Swiss National Bank increased its stake in shares of Radware by 1.5% during the 1st quarter. Swiss National Bank now owns 82,100 shares of the information technology services provider’s stock valued at $1,730,000 after acquiring an additional 1,200 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Radware by 2.3% during the 1st quarter. Geode Capital Management LLC now owns 58,024 shares of the information technology services provider’s stock worth $1,221,000 after acquiring an additional 1,304 shares during the period. Finally, Man Group plc boosted its position in shares of Radware by 1.8% in the fourth quarter. Man Group plc now owns 97,869 shares of the information technology services provider’s stock worth $2,523,000 after acquiring an additional 1,726 shares during the last quarter. Institutional investors and hedge funds own 71.69% of the company’s stock.
Radware Company Profile
Radware Ltd. develops, manufactures, and markets cyber security and application delivery solutions for applications in physical, virtual, cloud, and software defined data centers worldwide. The company offers DefensePro, a real-time network attack prevention device; AppWall, a Web application firewall; and DefenseFlow, a cyber-command and control application.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Radware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radware and related companies with MarketBeat.com's FREE daily email newsletter.